TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0129%/8h= +14.1% APRnext payment +$0.16 per $10,000 · paid last 24h +0.001%

Price spread now: Hyperliquid against Extended+0.173%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.173%, 7d avg +0.086%

Together, before fees−0.057%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.086% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1836	0.0104	pay 0.0013% / 1h	5m 30s	$75K	$467K	25x
Short	Hyperliquid TRUMP	2.1873	0.0233	get 0.0029% / 1h	5m 30s	$14.2M	$7.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee HyperliquidbpOrdersPrice spread, now +0.173%Rate

Funding earned: $26.99
Price spread: +0.173% → +0.086%: $8.64
Slippage, 4 orders: −$20.36
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $1.27
Costs to cover: 0.344%
Break-even: 6.7 days

Slippage from Extended: live order book, 7 min ago; Hyperliquid: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 7 min ago	6.88 bp	9.8 bp −$10	29.9 bp −$299	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.92 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit

TRUMP on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.1537%	1h	2.1760	−0.347%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1842	+0.028%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1867	+0.142%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1845	+0.042%	$410K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1858	+0.101%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1879	+0.200%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1840	+0.020%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1829	−0.031%	$979K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1834	−0.009%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1852	+0.073%	$454K	$833K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1845	+0.042%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1849	+0.061%	$62.9M	$226.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1840	+0.020%	$30.7M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1840	+0.020%	$27.1M	$152.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1830	−0.026%	$7.4M	$48.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	−0.072%	$473K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1850	+0.065%	$4.2M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1850	+0.065%	$15.4M	$21.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1822	−0.063%	$637K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1898	+0.283%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	+0.248%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1845	+0.042%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1880	+0.203%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.1836	long leg	$75K	$467K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1825	−0.049%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1836	+0.003%	$10K	—	100x	as long as short
Hyperliquid TRUMPshort	+0.0233%	1h	2.1873	+0.173%	$14.2M	$7.6M	10x
BloFin TRUMP-USDT	+0.0340%	4h	2.1880	+0.203%	$4.2M	$637K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+1.027%	$285K	$388K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0472%	1h	2.1871	+0.161%	$256K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0874%	1h	2.1872	+0.168%	$1.3M	$2.5M	50x	as long as short